Share on StockTwits
 

Admiral Group (LON:ADM) was upgraded by equities researchers at Numis Securities Ltd to a “buy” rating in a research report issued on Wednesday, AnalystRatingsNetwork.com reports. The firm currently has a GBX 1,710 ($28.07) target price on the stock, up from their previous target price of GBX 1,425 ($23.39). Numis Securities Ltd’s price target indicates a potential upside of 20.85% from the company’s current price.

Shares of Admiral Group (LON:ADM) opened at 1455.00 on Wednesday. Admiral Group has a one year low of GBX 1172.00 and a one year high of GBX 1425.00. The stock has a 50-day moving average of GBX 1288.18 and a 200-day moving average of GBX 1279.43. The company’s market cap is £3.985 billion.

Other equities research analysts have also recently issued reports about the stock. Analysts at HSBC raised their price target on shares of Admiral Group from GBX 1,550 ($25.44) to GBX 1,580 ($25.94) in a research note to investors on Tuesday. They now have an “overweight” rating on the stock. Separately, analysts at Canaccord Genuity upgraded shares of Admiral Group to a “hold” rating in a research note to investors on Monday. They now have a GBX 1,400 ($22.98) price target on the stock, up previously from GBX 1,160 ($19.04). Finally, analysts at Credit Suisse cut their price target on shares of Admiral Group from GBX 1,351 ($22.18) to GBX 1,340 ($22.00) in a research note to investors on Wednesday, January 15th. They now have a “neutral” rating on the stock. Seven research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of GBX 1,242.20 ($20.39).

Admiral Group plc is the holding company for the Admiral Group of companies. Its principal activity is selling and administration of private motor insurance and related products.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.